On the recordJanuary 17, 2007
First, I wish to thank all the Members who participated in this discussion on the importance of increasing opportunity and affordability for all of our Nation's young minds. We are all in agreement on the importance of education and the central role it played in expanding the next generation's horizons. Mr. Speaker, as I described in my opening remarks, the resolution before the House allows for a vote on a Democratic proposal to cut subsidized student loan rates in half over the next 5 years. It will reduce the cost of college to some 5 million students by an average of $4,400. This is good, responsible progress for America's middle class, for our working families looking out to provide the next generation with a brighter future. Today's vote on the issue can make it a reality.
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